Article 988 of Civil Code

1 - If the mortgagor, through his fault, causes the destruction of or damage to the mortgaged property, the mortgagee shall Index of the Law 1073 Home Page Civil Code Decree-Law No. 67 of 1980 AD Promulgating the Civil Code have the option either to demand sufficient security or to obtain immediate satisfaction of his claim. - If the destruction or damage arose from an extraneous cause and the creditor does not agree to the debt remaining unsecured, the debtor shall have the option either to provide sufficient security or to pay the debt immediately before maturity.